Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality

Iraq Dinar/News is a popular topic among many topics this board offers. You must log in to see and participate in our Dinar sections.

Position yourself for free after watching the video on eCommerce at www.nenosplace.ipronetwork.com

Neno

I can be reached by phone or text 7am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2017


China to Stimulate by Cutting Taxes

Share
avatar
Lobo
Moderator
Moderator

Posts : 26734
Thanked : 1361
Join date : 2013-01-12

China to Stimulate by Cutting Taxes

Post by Lobo on Mon 28 Dec 2015, 11:49 am


China to Stimulate by Cutting Taxes

Posted on December 28, 2015 by Martin Armstrong

China is demonstrating that it is more practical than anyone else in the industrialized world. They have announced that they will “reasonably” set limits on new local government debt in 2016. Finance Minister Lou Jiwei said at a work conference in Beijing on Monday that they will actually limit local debt; something nobody else does. China will also adopt a much more flexible fiscal policy that will include gradually increasing the fiscal deficit ratio and expanding its budget deficit. So China will increase its debt in a gradual manner to try to stimulate the economic decline it is facing.

These policies are to be supplemented by a cut in taxes to help companies reduce their burdens and to prevent rising unemployment. While the Republicans effectively forced tax reduction in the year-end budget, there is little doubt that the Democrats alone would never adopt such a measure. The idea of cutting taxes in Europe is up there with treason.

We can see that China is taking a far more practical approach in trying to manage its economy than we see in the West. Perhaps when they too come to realize that debt is not the answer, and instead compete with the money that would otherwise expand the economy, then the day will come when public debt is forbidden.

This entry was posted in China and tagged China, Sovereign Debt Crisis by Martin Armstrong. Bookmark the permalink.

    Current date/time is Tue 21 Nov 2017, 5:53 am